Snap Announces Earnings

Snap (SNAP), parent company of SnapChat, released their quarterly earnings this afternoon. Analysts expected a loss of 16 cents per share and revenue of $252.9 million. Snap announced a loss of 13 cents per share and revenue of $285.7 million, beating estimates on both. Snap also announced an accelerated user growth, with 187 million daily users and an average revenue per user of $1.53.

Snap is up 25% in after-hours, moving above its initial IPO of $17. Snap is down about 42% since inception, assuming a starting price of about $24.50, as the IPO price was well below bidding.

About Holden

Holden is the creator of He is the lead editor and consistently writes about politics and finance. He often writes unbiasedly, but occasionally provides a liberal viewpoint in his work.
View all posts by Holden →

1 thought on “Snap Announces Earnings

Leave a Reply

Your email address will not be published. Required fields are marked *